Exton Global, on the surface, presents itself as a reputable company, offering traders the promise of substantial rewards in the world of finance. However, as with all such enticing promises, a prudent approach demands scrutiny. In this review, we will delve into what this broker has in store for traders, examining whether it lives up to its claims or falls into the realm of scams.
- Exton Global General Information
- Registration and Client Portal Review
- Exton Global Trading Conditions
- Account Types Review
- Trading Platform
- Exton Global — Deposit and Withdrawal of Funds
- Additional Options
- Is Exton Global a Scam?
- Legal Information and License
- Extonglobal.com Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
Exton Global General Information
Registration and Client Portal Review
The official Exton Global website boasts an impressive appearance. It’s available in multiple languages and, visually, is rather appealing. However, it does suffer from an excess of somewhat pointless trader images, especially on the homepage. Additionally, there are some content-related concerns. However, for now, let’s not dwell on those and focus our attention elsewhere.
Exton Global offers a straightforward account opening process. A brief registration form can be found on the homepage. All that’s required is to input your first and last name, email, and phone number, then create a password. At this stage, you’ll notice that security takes a back seat, as no verification checks will be conducted. You’re immediately granted access to your account, without the inclusion of two-factor authentication (2FA) for added security.
The broker’s user dashboard is notably minimalist and lacks many of the features found in more robust trading platforms. It adheres to a bare-bones design with only essential functionalities available. Traders can access their account balance, initiate basic trades, and make deposits or withdrawals. However, advanced tools, detailed market analysis, or educational resources are conspicuously absent. This no-frills approach might be appreciated by traders seeking a simple interface, but it offers little for those looking for in-depth analysis or additional functions and resources.
Exton Global Trading Conditions
Now, it’s time to examine Exton Global’s uniqueness in terms of trading conditions. We’re not entirely convinced that this broker has something substantial to offer traders.
Account Types Review
Exton Global appears to notably offer a single type of account, or, at the very least, we couldn’t find any descriptions of a diverse account lineup. What we do know is that the minimum starting deposit is $250. Additionally, the broker provides a leverage of 1:200, which is rather high, especially concerning regulatory standards and licensing. Regulatory bodies often disapprove of such high leverage levels. Furthermore, there’s a lack of information on specific spreads and commission rates on the website. It’s worth noting that Exton Global does not provide a demo account for traders. Contrary to the broker’s claims that you can trade a variety of assets, you are essentially limited to CFD contracts.
The trading platforms at Exton Global are exclusively available within your personal account. If you attempt to download their platform, you’ll find yourself redirected to an error page, leaving you with access only to their web-based trading platform.
Now, concerning Exton Global web trader, it’s essential to highlight its rather underwhelming features. It falls on the side of minimalism, offering a limited selection of technical indicators. The interface is straightforward, but this simplicity comes at the cost of more advanced trading tools and features that experienced traders often rely on. In essence, it may leave traders wanting more in terms of functionality and analytical tools, especially when compared to the capabilities of some other brokers’ trading platforms.
Exton Global — Deposit and Withdrawal of Funds
Depositing and withdrawing funds with Exton Global can be executed through various methods, including electronic wallets, Skrill, Neteller, bank cards, bank transfers, and cryptocurrencies. However, it’s essential to note that within the client portal, you won’t find options for electronic wallets. Instead, the available methods are limited to bank cards, bank transfers, and cryptocurrencies.
Similarly, when it comes to withdrawals, the same options apply. However, it’s worth highlighting that there’s no clear indication of whether the broker imposes any fees or commissions for these transactions.
You’ll be required to upload several documents as part of their identity confirmation procedure. Once you’ve submitted your documents, the verification process generally follows these steps:
- You’ll upload your identification and other necessary documents directly through the platform.
- The submitted documents will be reviewed by the Exton Global team. They will assess whether the documents meet their verification requirements.
- If your documents are approved, your account will be verified, and you’ll receive confirmation of your verification status. This typically grants you full access to the broker’s services.
It’s important to note that the specific details and requirements for verification may vary, and Exton Global may request additional documents or information if needed.
Exton Global provides a range of additional services and promotional offerings to enhance the trading experience for its clients. These include:
- Welcome bonus. As a gesture of welcoming new clients, Exton Global offers a welcome bonus. This bonus can be a great way to kickstart your trading journey with additional funds.
- Loyalty program. For regular traders who continue to engage with the platform, Exton Global has a loyalty program. This program is designed to reward loyal clients and may include various incentives or benefits for those who consistently trade with the broker.
Is Exton Global a Scam?
Exton Global offers rather limited trading conditions, providing minimal information about itself. This lack of transparency raises concerns about the reliability of this broker. Now, let’s delve deeper into the company’s legal status to ensure everything is in order.
Legal Information and License
Exton Global claims to have offices in the UK and Switzerland. However, there is no record of such a company in the registries of these countries, and they do not possess any local licenses. What’s even more intriguing is Exton Global’s assertion that it is licensed by the Market Securities Insurance Commission. This regulator is quite unfamiliar, and the list of entities it has supposedly licensed raises suspicions. Furthermore, the domain of this purported commission was created just a few months ago. It appears that a fake regulator is regulating a fake broker.
Extonglobal.com Domain Info
In general, Exton Global itself doesn’t seem to have been around for long. We checked the domain registration for this project and found that it was registered on May 19, 2023. Judging by the reviews and feedback, it appears that this broker was launched even later. This further strengthens the evidence suggesting that it’s a scam.
Exton Global provides contact options, including email and several phone numbers. However, it’s worth noting that there is no publicly available information about them on Google, which raises concerns about the broker’s credibility and history. Additionally, the lack of verifiable contact details further casts doubt on the legitimacy of the company. As for the mentioned offices, we suspect they might be as dubious as the broker itself.
Pros and Cons
- Multilingual website.
- Lack of regulation.
- Limited account information.
- High minimum deposit.
- Absence of demo account.
- Unclear trading conditions.
- Lack of transparency.
Frequently Asked Questions (FAQ)
It purports to offer a range of financial services, including trading in various assets. However, the lack of detailed and transparent information on its website makes it challenging to ascertain the full extent of its offerings.
According to the broker’s trading conditions, the minimum deposit required to start trading with Exton Global is $250.
No, Exton Global cannot be considered a safe or trustworthy organization. The lack of regulatory oversight, questionable claims about licensing, and limited transparency regarding its operations and trading conditions raise serious doubts about the safety of entrusting your money to this broker.